Japan State Fund Mulls Toshiba Buyout Bid, Report Says

Apr.14 -- A group including the state-backed Japan Investment Corporation is considering a possible buyout of Toshiba Corp., according a local report. This adds yet another potential bidder for the Japanese conglomerate. Toshiba’s chief executive officer, Nobuaki Kurumatani, stepped down this week after confidence in his leadership plummeted. The decision came as factions within the conglomerate mounted resistance to a potential buyout offer from CVC Capital Partners -- where Kurumatani previously worked. Pavel Alpeyev reports on "Bloomberg Daybreak: Asia."